Planning ahead helps you retire on your own terms. That means you can gradually scale back your work hours, top up your super, or structure your finances more effectively.
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When planning your retirement, one of the first decisions you’re likely to make is whether to retire fully, or instead make a gradual transition to retirement by reducing your working hours. It’s also an important opportunity to take stock of your super investments, and consider how they’ll need to be structured to best support your goals and lifestyle in retirement.
This page provides information and key considerations for those who are approaching retirement. But keep in mind that it’s general information only. Exactly which investments and which approach is right for you will depend on your own circumstances and the goals you have for your money and your lifestyle in retirement. For information that’s tailored to your own financial circumstances and objectives, and to plan for your next chapter with confidence, consider getting qualified financial advice.
We’ve got a retirement income product to help you retire your way.
How long you’re likely to be invested is always a critical factor in helping to determine which investments are right for you. And it’s just as important as you’re approaching retirement. Your retirement years could last for 20-30 years or more, and in investment terms, that’s still quite a long time horizon.
As you near retirement, your investment objectives may start to shift. In your younger years the main aim of your super was more likely to be accumulation-focussed – save as much as you can and maximise your investment’s potential for growth.
But while growing your investment is generally still important as you approach retirement, it may also be increasingly important to reduce the level of risk in your portfolio to help shield your savings from volatility. That’s because you’ll be relying on your savings to help fund your lifestyle throughout retirement (or supplement any income you receive through the Age Pension).
A typical investment portfolio as you’re nearing retirement and preparing to reduce your working hours may include a combination of:
As part of your overall retirement preparation, it’s a good idea to take a look at the way your super is invested, and your future goals for your retirement, and assess whether you need to make any changes to your investments.
You don’t have to make an investment choice for your Equip Super Retirement Income or Transition to Retirement Income account. If you don’t make an investment choice, we’ll automatically invest your account balance as follows*:
These are ready-made portfolios of investments, selected by the experts, and managed by the experts on your behalf. Capital Stable is single investment option, whereas MyPension invests across three different investment options in varying proportions: Cash, Capital Stable and Growth.
* If you’re in the process of transferring out of an Equip Defined Benefit Plan, your transfer letter will explain how your new super account will be invested if you don’t make a choice. Contact us to learn more about your options.
Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products and investments for your next chapter, so you can make the move to retirement in the way you want to. Our qualified Financial Planners can help.
How’s your future balance shaping up? How much income will you have in retirement, and how long will it last? Use our retirement calculators to run the numbers and see if you're on track.
Learn about super contributions, investment options, and how they can help you build a comfortable retirement nest egg through our interactive modules.
Attending a webinar is a great way to learn more about your super, and have your questions answered by industry professionals.
If you’ve got questions about when you can retire, or what to do once you get there, our Retirement Centre is here to provide you with personalised one-on-one support.
What does your pathway to retirement look like? Not sure where to start? We can help at no extra cost.
If you’ve got questions about when you can retire, or what to do once you get there, our Retirement Centre is here to provide you with personalised one-on-one support. We can:
answer your questions and walk you through your retirement options
provide you with general advice to help you make more confident decisions
connect you with our financial planning services if appropriate.
Call us on 1800 777 060 or use this form to book a time to speak with our team today.
Have a general enquiry? Contact our Helpline.
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